Something Interesting in Financial Video August 2013 - page 4

 

Secrets of a Stock Exchange Specialist by Steven Primo

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This is interesting video where Simit Patel is introducing the book of Steven Primo :

"I recently finished reading Steven Primo's book, Secrets of a Stock Exchange Specialist. Below is my video review.

A few key points:

1. The book is for active traders; if you are not interested in active trading, this book is not for you.
2. Primo shares 3 strategies in the book that operate from the three pillars of his framework for trading:

  • Trade with the trend
  • Wait for a pullback, and end to this pullback, before entering
  • Exit when the trend shows signs of exhaustion
3. The book is basically a book format.
4. My favorite part of the book is that it's short: just 88 pages.
5. The ebook is not formatted as a true ebook; rather it is a PDF. I still found this to be readable without any problems, although ebooks that are formatted properly are easier to read and prettier to look at.
6. The book is available for $20.

7. For new traders, I think this book can really help them learn what to focus on, so that they are not left feeling overwhelmed".



Amazon.com: Secrets of a Stock Exchange Specialist eBook: Steven Primo: Kindle Store
  • www.amazon.com
Secrets of a Stock Exchange Specialist - Kindle edition by Steven Primo. Download it once and read it on your Kindle device, PC, phones or tablets. Use features like bookmarks, note taking and highlighting while reading Secrets of a Stock Exchange Specialist.
 

And this is  the interview of Steven Primo (the author of the book "Secrets of a Stock Exchange Specialist"

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Steven Primo (Specialist Trading) Interview: "Good trading is boring." 

Key points from the interview:

1. Primo has been trading for 36+ years; he got started as a specialist on the now defunct Pacific Stock Exchange

2. He believes trading has gotten easier than it was before

3. Primo spends about 2 hours per day focused on the markets, placing between 2 and 5 trades per day.

4. Trades primarily off the tick chart, looking at 1,000 tick history. Typically in trades for no more than 15 minutes.

5. "Good trading is boring."

6. Traders bring their own psychology to the market. A positive attitude that embraces and enjoys life will help traders find the easiest and most lucrative path to success.

7. He states that while it varies greatly from student to student based on their committment level and their psychology, he believes it is reasonable for his students to reach consistent profitability within 4 months.



 
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